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Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Schedule of loans, net of unamortized net deferred fees

Loans, net of unamortized net deferred fees, at December 31, 2018 and 2017 are summarized by type as follows:

		December 31, 2018								December 31, 2017
(dollars in thousands)		Amount				%				Amount				%
Commercial		$	1,553,112				22	%		$	1,375,939				21	%
Income producing - commercial real estate			3,256,900				46	%			3,047,094				48	%
Owner occupied - commercial real estate			887,814				13	%			755,444				12	%
Real estate mortgage - residential			106,418				2	%			104,357				2	%
Construction - commercial and residential			1,039,815				15	%			973,141				15	%
Construction - C&I (owner occupied)			57,797				1	%			58,691				1	%
Home equity			86,603				1	%			93,264				1	%
Other consumer			2,988				—				3,598				—
Total loans			6,991,447				100	%			6,411,528				100	%
Less: allowance for credit losses			(69,944	)							(64,758	)
Net loans		$	6,921,503							$	6,346,770

Schedule of detail activity in the allowance for credit losses by portfolio segment

The following tables detail activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2018 and 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

						Income Producing -				Owner Occupied -				Real Estate				Construction -
						Commercial				Commercial				Mortgage				Commercial and				Home				Other
(dollars in thousands)		Commercial				Real Estate				Real Estate				Residential				Residential				Equity				Consumer				Total
Year Ended December 31, 2018
Allowance for credit losses:
Balance at beginning of period		$	13,102			$	25,376			$	5,934			$	944			$	18,492			$	770			$	140			$	64,758
Loans charged-off			(3,491	)			(121	)			(132	)			—				(1,160	)			—				(81	)			(4,985	)
Recoveries of loans previously charged-off			340				2				3				6				1,009				133				18				1,511
Net loans (charged-off) recoveries			(3,151	)			(119	)			(129	)			6				(151	)			133				(63	)			(3,474	)
Provision for credit losses			5,906				2,777				437				15				(166	)			(304	)			(5	)			8,660
Ending balance		$	15,857			$	28,034			$	6,242			$	965			$	18,175			$	599			$	72			$	69,944
For the Year Ended December 31, 2018
Allowance for credit losses:
Individually evaluated for impairment		$	4,803			$	2,465			$	600			$	—			$	1,050			$	—			$	—			$	8,918
Collectively evaluated for impairment			11,054				25,569				5,642				965				17,125				599				72				61,026
Ending balance		$	15,857			$	28,034			$	6,242			$	965			$	18,175			$	599			$	72			$	69,944
Year Ended December 31, 2017
Allowance for credit losses:
Balance at beginning of period		$	14,700			$	21,105			$	4,010			$	1,284			$	16,487			$	1,328			$	160			$	59,074
Loans charged-off			(747	)			(1,470	)			—				—				(2,158	)			(100	)			(100	)			(4,575	)
Recoveries of loans previously charged-off			681				80				3				6				492				5				21				1,288
Net loans (charged-off) recoveries			(66	)			(1,390	)			3				6				(1,666	)			(95	)			(79	)			(3,287	)
Provision for credit losses			(1,532	)			5,661				1,921				(346	)			3,671				(463	)			59				8,971
Ending balance		$	13,102			$	25,376			$	5,934			$	944			$	18,492			$	770			$	140			$	64,758
For the Year Ended December 31, 2017
Allowance for credit losses:
Individually evaluated for impairment		$	3,259			$	2,380			$	1,382			$	—			$	500			$	—			$	80			$	7,601
Collectively evaluated for impairment			9,843				22,996				4,552				944				17,992				770				60				57,157
Ending balance		$	13,102			$	25,376			$	5,934			$	944			$	18,492			$	770			$	140			$	64,758

Schedule of recorded investments in loans related to each balance in the allowance for loan losses by portfolio segment

The Company’s recorded investments in loans as of December 31, 2018 and December 31, 2017 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:

					Income Producing - Commercial			Owner Occupied - Commercial			Real Estate Mortgage			Construction - Commercial and			Home			Other
(dollars in thousands)		Commercial			Real Estate			Real Estate			Residential			Residential			Equity			Consumer			Total
December 31, 2018
Recorded investment in loans:
Individually evaluated for impairment		$	8,738		$	61,747		$	5,307		$	1,228		$	7,012		$	487		$	—		$	84,519
Collectively evaluated for impairment			1,544,374			3,195,153			882,507			105,190			1,090,600			86,116			2,988			6,906,928
Ending balance		$	1,553,112		$	3,256,900		$	887,814		$	106,418		$	1,097,612		$	86,603		$	2,988		$	6,991,447
December 31, 2017
Recorded investment in loans:
Individually evaluated for impairment		$	8,726		$	10,192		$	5,501		$	478		$	4,709		$	494		$	91		$	30,191
Collectively evaluated for impairment			1,367,213			3,036,902			749,943			103,879			1,027,123			92,770			3,507			6,381,337
Ending balance		$	1,375,939		$	3,047,094		$	755,444		$	104,357		$	1,031,832		$	93,264		$	3,598		$	6,411,528

Schedule of loans by class and credit quality indicators

The following table presents by class and by credit quality indicator, the recorded investment in the Company’s loans and leases as of December 31, 2018 and 2017.

						Watch and												Total
(dollars in thousands)		Pass				Special Mention				Substandard				Doubtful				Loans
December 31, 2018
Commercial		$	1,505,477			$	25,584			$	22,051			$	—			$	1,553,112
Income producing - commercial real estate			3,182,903				1,536				82,885				—				3,256,900
Owner occupied - commercial real estate			844,286				38,221				5,307				—				887,814
Real estate mortgage 3 residential			104,543				647				1,228				—				106,418
Construction - commercial and residential			1,090,600				—				7,012				—				1,097,612
Home equity			85,434				682				487				—				86,603
Other consumer			2,988				—				—				—				2,988
Total		$	6,816,231			$	66,670			$	118,970			$	—			$	6,991,447
December 31, 2017
Commercial		$	1,333,050			$	34,163			$	8,726			$	—			$	1,375,939
Income producing - commercial real estate			3,033,046				3,856				10,192				—				3,047,094
Owner occupied - commercial real estate			696,754				53,189				5,501				—				755,444
Real estate mortgage - residential			103,220				659				478				—				104,357
Construction - commercial and residential			1,027,123				—				4,709				—				1,031,832
Home equity			92,084				686				494				—				93,264
Other consumer			3,505				2				91				—				3,598
Total		$	6,288,782			$	92,555			$	30,191			$	—			$	6,411,528

Schedule of information related to nonaccrual loans by class

The following table presents, by class of loan, information related to nonaccrual loans as of December 31, 2018 and 2017.

(dollars in thousands)		December 31, 2018				December 31, 2017
Commercial		$	7,115			$	3,493
Income producing - commercial real estate			1,766				832
Owner occupied - commercial real estate			2,368				5,501
Real estate mortgage - residential			1,510				775
Construction - commercial and residential			3,031				2,052
Home equity			487				494
Other consumer			—				91
Total nonaccrual loans (1)(2)		$	16,277			$	13,238

(1) Excludes troubled debt restructurings (“TDRs”) that were performing under their restructured terms totaling $24.0 million at December 31, 2018, and $12.3 million at December 31, 2017.

(2) Gross interest income of $1.0 million and $939 thousand would have been recorded in 2018 and 2017, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while interest actually recorded on such loans were $265 thousand and $101 thousand at December 31, 2018 and 2017, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

Schedule by class of loan, an aging analysis and the recorded investments in loans past due

The following table presents, by class of loan, an aging analysis and the recorded investments in loans past due as of December 31, 2018 and 2017.

		Loans				Loans				Loans												Total Recorded
		30-59 Days				60-89 Days				90 Days or				Total Past				Current				Investment in
(dollars in thousands)		Past Due				Past Due				More Past Due				Due Loans				Loans				Loans
December 31, 2018
Commercial		$	4,535			$	2,870			$	7,115			$	14,520			$	1,538,592			$	1,553,112
Income producing - commercial real estate			5,855				27,479				1,766				35,100				3,221,800				3,256,900
Owner occupied - commercial real estate			5,051				2,370				2,368				9,789				878,025				887,814
Real estate mortgage – residential			2,456				1,698				1,510				5,664				100,754				106,418
Construction - commercial and residential			4,392				—				3,031				7,423				1,090,189				1,097,612
Home equity			630				47				487				1,164				85,439				86,603
Other consumer			—				—				—				—				2,988				2,988
Total		$	22,919			$	34,464			$	16,277			$	73,660			$	6,917,787			$	6,991,447
December 31, 2017
Commercial		$	2,705			$	748			$	3,493			$	6,946			$	1,368,993			$	1,375,939
Income producing - commercial real estate			4,398				6,930				832				12,160				3,034,934				3,047,094
Owner occupied - commercial real estate			522				3,906				5,501				9,929				745,515				755,444
Real estate mortgage – residential			6,993				1,244				775				9,012				95,345				104,357
Construction - commercial and residential			—				5,268				2,052				7,320				1,024,512				1,031,832
Home equity			307				—				494				801				92,463				93,264
Other consumer			45				6				91				142				3,456				3,598
Total		$	14,970			$	18,102			$	13,238			$	46,310			$	6,365,218			$	6,411,528

Schedule of impaired loans, by class of loan

The following table presents, by class of loan, information related to impaired loans for the years ended December 31, 2018 and 2017.

		Unpaid Contractual			Recorded Investment			Recorded Investment			Total						Average Recorded Investment						Interest Income Recognized
		Principal			With No			With			Recorded			Related			Quarter			Year			Quarter			Year
(dollars in thousands)		Balance			Allowance			Allowance			Investment			Allowance			To Date			To Date			To Date			To Date
December 31, 2018
Commercial		$	8,613		$	2,057		$	6,084		$	8,141		$	4,803		$	10,306		$	8,359		$	(126	)	$	190
Income producing - commercial real estate			21,402			1,720			19,682			21,402			2,465			15,331			12,309			189			550
Owner occupied - commercial real estate			5,731			4,361			1,370			5,731			600			5,746			6,011			47			196
Real estate mortgage – residential			1,510			1,510			—			1,510			—			1,516			1,688			—			2
Construction - commercial and residential			3,031			3,031			—			3,031			1,050			3,031			2,028			—			68
Home equity			487			487			—			487			—			487			491			—			—
Other consumer			—			—			—			—			—			46			69			—			—
Total		$	40,774		$	13,166		$	27,136		$	40,302		$	8,918		$	36,463		$	27,836		$	110		$	1,006
December 31, 2017
Commercial		$	5,644		$	1,777		$	3,748		$	5,525		$	3,259		$	5,764		$	5,765		$	48		$	145
Income producing - commercial real estate			10,044			781			9,263			10,044			2,380			10,068			10,127			120			493
Owner occupied - commercial real estate			6,596			1,095			5,501			6,596			1,382			6,743			5,210			27			73
Real estate mortgage – residential			775			775			—			775			—			538			423			17			17
Construction - commercial and residential			2,052			1,534			518			2,052			500			3,491			3,731			(14	)		—
Home equity			494			494			—			494			—			544			346			—			2
Other consumer			91			—			91			91			80			92			93			—			—
Total		$	25,696		$	6,456		$	19,121		$	25,577		$	7,601		$	27,240		$	25,695		$	198		$	730

Schedule of loans modified in troubled debt restructurings

The following table presents, by class, the recorded investment of loans modified in TDRs held by the Company during the years ended December 31, 2018 and 2017.

		For the Year Ended December 31, 2018
(dollars in thousands)		Number of Contracts			Commercial			Income Producing - Commercial Real Estate			Owner Occupied - Commercial Real Estate			Construction - Commercial Real Estate			Total
Troubled debt restructurings
Restructured accruing			9		$	1,026		$	19,636		$	3,363		$	—		$	24,025
Restructured nonaccruing			3			544			—			—			—			544
Total			12		$	1,570		$	19,636		$	3,363		$	—		$	24,569
Specific allowance					$	—		$	3,000		$	—		$	—		$	3,000
Restructured and subsequently defaulted					$	408		$	937		$	—		$	—		$	1,345

		For the Year Ended December 31, 2017
(dollars in thousands)		Number of Contracts			Commercial			Income Producing - Commercial Real Estate			Owner Occupied - Commercial Real Estate			Construction - Commercial Real Estate			Total
Troubled debt restructings
Restructured accruing			9		$	2,032		$	9,212		$	1,095		$	—		$	12,339
Restructured nonaccruing			5			867			121			—			—			988
Total			14		$	2,899		$	9,333		$	1,095		$	—		$	13,327
Specific allowance					$	595		$	2,350		$	—		$	—		$	2,945
Restructured and subsequently defaulted					$	237		$	—		$	—		$	—		$	237

Schedule of changes in the credit mark accretable yield

The following table presents changes in the credit mark accretable yield, which includes income recognized from contractual interest cash flows, for the dates indicated.

(dollars in thousands)		2018				2017
Balance at January 1,		$	(2,459	)		$	(4,444	)
Net reclassifications from nonaccretable yield			—				—
Accretion			964				1,985
Balance at December 31,		$	(1,495	)		$	(2,459	)

Schedule of activity in related party loans

The following table summarizes changes in amounts of loans outstanding, both direct and indirect, to those persons during 2018 and 2017.

(dollars in thousands)		2018				2017
Balance at January 1,		$	238,236			$	137,816
Additions			55,657				138,565
Repayments			(126,009	)			(38,145	)
Balance at December 31,		$	167,884			$	238,236

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